December 2, 2009
Information, Market Growth
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The market for townhouses has increased throughout the state. This is because single family home prices have gone up.
Townhouse is a cross between a condo and a single-family home and offers the best criteria of both worlds. These units are detached with private entrance or gate and the owner need not worry taking care of a landscaping.
This type of units is not viewed same with the condo boom, but seen as a substitute to higher land and construction costs of a single houses.
Townhouses production has increasingly grown for the past five or six years in south Florida. Because of this boom and low prices, more family are buying or moving into townhouses.
(image source : brownstoner.com
November 6, 2009
Information, Market Growth
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Now days, foreclosure is alarmingly increasing in higher rate and because of this, lenders are acquiring homes faster than selling them off.
About 2% of home loans were foreclosed by the end of last year, and was noted as the highest foreclosure rate since the Mortgage Bankers Association started collecting data.
It was also mentioned that the heaviest concentrations of foreclosed loans are in Florida, Nevada, Ohio, Michigan & Indiana. Rallying in the foreclosure are California, Arizona & Georgia. And because of this increase, it is expected that about two-thirds of homeowners will lose their homes.
And some of these houses in foreclosure state will not totally be owned by banks. Because borrower will go into deals with the lenders on easing the loan terms and allowing them to catch up on payments.
(image source : howstuffworks.com
July 10, 2009
Information, Market Growth, More Information, News & Updates, Trends, Updates
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Home prices are on the rise but industry analysts still say they are at so low levels it’s still prime time to buy properties and other forms of real estates while they are still cheap. But with no end in sight to the economic crunch, there’s no telling when the market would ever recover. Some people in the industry forecasting the end to the current crisis to come by 2012, nobody knows how the industry would survive. But for the mean time, people who could afford to purchase property should take advantage of the low prices, just be sure to do ample homework on the property so you don’t put all your eggs in one empty box.
March 20, 2009
Information, Market Growth, News & Updates, Trends
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The figures for the housing market for the month of February are surprisingly showing a slight move on the positive note which is being accepted by the industry with skepticism. Why, well maybe the system and people have finally accepted the fact that the market is going to take a long long time to recover and with other economic conditions and indicators showing otherwise, the minor move is a mere bump in the overall economic condition of the US. Read the rest…
August 13, 2008
Information, Market Growth, More Information, News & Updates, Reference, Tips, Trends
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Image source: www.blueroof.wordpress.com
It’s hard to go anywhere or do anything without being exposed to marketing and a rapidly growing number of ways designed to lure us into buying new products.Yet it’s not that our desire to be bombarded with marketing and advertising has increased; quite the contrary, we don’t want it. Just think of the “Do Not Call” list and the legislation that has been enacted to reduce spamming.”? Even our new love for TIVO and DVRs is the result of a strong desire to zap out unwanted commercials.According to Trend #4 in the Swanepoel Trends Report for 2007, the Internet, while it continues to be a great solution, has provided its fair share of complications.”? For example, type in “Homes for Sale” on Google or Yahoo and you will get results numbering in the multiple millions.”? Yet according to Realtor.com there are currently only approximately 3 million properties for sale.The reason lies in the fact that the real estate industry is still marketing all over the board and really doesn’t understand the online marketing channel. In many cases the industry is complacent in its approach to marketing and the methods it employs; it still holds onto old “trusted” methods while jumping onto anything new.